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Cargill to acquire Carseland, Alberta, grain handling facility

CARSELAND, AB, Aug. 3 /CNW/ - Cargill is enhancing its grain handling presence in southern Alberta with the purchase of Viterra's grain elevator facility in Carseland, Alberta, effective Aug. 23, 2010. The facility is approximately 50 kilometers east of Calgary.

"We are excited about the inclusion of this facility into our existing Prairie grain-handling network," said Mike Morlock, farm service group manager in southern Alberta for Cargill AgHorizons-Canada. "It represents a significant improvement for many of our regional customers in terms of its accessible location. Enhancing our partnership with growers has always been and always will be one of our highest priorities."

Morlock characterized the acquisition as a significant investment for Cargill. "This acquisition will advance Cargill's sustainable growth strategy to improve the services available to area crop farmers," he said.

The Carseland grain facility was built in 1998. It has a grain storage capacity of 35,300 metric tonnes with a 112-railcar loading capability.

Cargill, which operates grain handling and crop input facilities across Ontario and the Prairies, works in partnership with producers to develop grain-marketing solutions. Headquartered in Winnipeg, Manitoba, Cargill Limited employs over 10,000 people across Canada and has business interests in meat, egg and oilseed processing, animal feed, salt, chocolate, natural gas, crop inputs, as well as grain handling, merchandising and milling. For more information, visit www.cargill.ca.

SOURCE CARGILL LIMITED

For further information: For further information: Brigitte Burgoyne, 204-947-6187, Brigitte_Burgoyne@cargill.com